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weekly address discuss the u.s. economy. we will take a look at that now. we got february job numbers. 236,000 jobs added. the president is followed by senator sessions. >> hi, everyone. my top priority as president is making sure we do everything we can to reignite the engine of america's economic growth. yesterday we received some welcome news on that front. we learned that businesses added nearly 236,000 jobs last month. the unemployment rate fell to 7.7%. still too hi, but lower than when i took office. -- too high, but lower than when i took office. our manufacturers are bringing jobs back to america. our stock market has rebounded. numeral's are being built and sold at a faster pace. -- new homes are being built and sold at a faster pace. we need to keep that going. how do we make america a magnet for new jobs? how do we equip more people with the skills. to choir? how do we make sure -- with the skills that jobs require? that needs to be our north star. when big businesses are gaining more track, the last thing we should do is allow washington politics to get in the way. you de
in the regional economy and again there is so much business activity. and we are blessed with just being in this part of the country and the world. i'm very interested in what we are going to hear from our speakers this morning to sort off guide us through this year. now before we get to our program please join me in thanking the organizations and people who made this possible. and you can clap now for awful them but -- this event is jointly presented by san francisco business times and our partner, title sponsor corn irand carey commercial new mark, night, frank. and we are going it hear from dan clef man and dan class man some 14 year ago really came up with this idea, we sat down over lunch and there was another person involved allen cline knelt and which came up with this idea and so i have to give dan much much credit for that. (applause). . very much so. and in 2012, cornish and carey, dominated the area of commercial real estate with over $6 billion in leasing and sales transactions so very good there. and you are soon going to hear from dan and he is going to give us that a go
and technical class. this is an oil based economy. the only thing that venezuela produces is oil. everything else the imports. chavez got into power and polarized the country, he attacked the elites and they left the country. the national oil company became politicized and suffer from low investment, declining production. the irony is that here is someone came in and had an opportunity to diversify the economy, to make it a more broadbased basis for economic growth and he is more reliant on the oil sector than ever. he is more reliant on the u.s. market than ever, even despite his attacks against the united states, so i think that is the question. he could have -- he clearly came in and had to exercise control. he pointed the country in a different direction. the country was in awful shape when he came in. the elites had filled the country, they were corrupt and mismanaged the country, they stole a lot of money. the problem was he antagonized the leads and he needed people with some professional, technical capacity to sustain the economic course of the country and that is what he lost. tavis
back to uncertainty. we want the economy to get better. we will like it to be better soon, as fast as it can happen. when that happens, then this competition for our best and brightest talent will go up. in that environment, i am concerned that as they are weighing -- not the personal threats to themselves which they are willing to take -- but when they are weighing the financial certainty for their families that they will come down on a different side than government service. that is an important question. we have an all volunteer military. it has been stressed. this is another stressor. we need to be mindful of this because we are competing for the best talent. we have been getting it. there are magnificent people that raise their right hand, civilian, uniform, or whether they serve as contractors. it does not matter. they are all working hard to do the right things. it is preserving that. there is an impact here with what is going on. it is coming to our level. they are telling us there is an impact on them, and we need to be mindful of it. >> general alexander, could you comm
for than put it into the economy ? >> you're absolutely right. there are people that feel there are folks to our struggling to get by. that is a concern and part of a conversation either way you hit the daily commuter. >> so you say the people making more the entrepreneurs already pare the lot -- pay the lion's share. it's not like they will stay in those brackets allot fall down after a decade according to the irs data. not to get into a debate with the brackets in this country. >> and come inequality has grown over the last few decades. charles: let's leave it therens the party. all that and more coming up. its "money". >> here's what is "money" tonight. a strong, solid jobs report. unemployment is not going down for the reasons you think. we take off the rose colored glasses until you the real numbers on where the economy stands. plus, american wealth is back. we have recovered $16 trillion. don't count your money at the poker table yet. all the "money," our panel will explain why. ann the kickstart to the keystone. the pipeline proponents want to sidestep the need for presidential app
some credit snit this is like rodney danger field? when is he going to get credit for the economy coming back? the unemployment rate dropped. it really is amazing and the stock market for the rich is going through the roof. when is this guy going to get some respect? okay. if it gets to this number, we'll love him. they ought to ask this question. will they ever admit he's doing a good job. her's someone who admitted he was wrong. bill clinton wrote an op-ed which i couldn't believe it when i read it. he said not only did the law provide excuse for d discrimination. i'm already surprised by the jockeying. rand paul is running jeb bush and hillary clinton. this is going to be big time. >>> finally what happens when you're too far right for cpac to invite you? well, you charge them with being under shari'a law. only innn red america, huh? "hardball," the place for politics. o-lorie sweetener made from the goodness of fruit. new nectresse. sweetness naturally. in the middle of the night it can be frustrating. it's hard to turn off and go back to sleep. intermezzo is the first and onl
economy, and bring down energy costs. the budget also promotes economic growth, job creation, supports research and development in the energy sector, and moves america to a more energy independent state. it expands oil and gas development, which could generate a half a million new jobs and $14.40 trillion in increased economic activity. by preventing or delaying domestic energy exploration, the obama administration has driven jobs overseas. in this budget, the house republicans in the subsidies, -- support for this budget translates into a response will plan to grow our economy and create jobs. i yield back my time. >> i would like to yield two minutes to the gentleman from indiana. >> thank you. what we are doing here today, people in america are hurting. too many parents have come home and tell their children they do not have a job. washington has refused to make the tough choices necessary to jump-start a healthy economy to create jobs and opportunity for every american. we hear a lot from the other side of the aisle about a balanced approach. there is not much balanced about a budg
decisions, stimulate the economy, and the banks and the auto companies. there's a lot of of hard work and patience by the american people who had to wait too long for this. >> brenda: gary b, i always heard that men were responsible for all the pain of childbirth. (laughter) >> a different perspective, brenda. >> brenda: we are on cable, but, all right. gary b, are spending cuts responsible for this rally? >> i think so. certainly this week. you know, a lot of times we talk about things on the show that, you know, maybe a little bit inside baseball. maybe a little bit a wall street centric or capitol hill, but in this case sequester-- there's not a person out there that doesn't know about sequester, that's number one, people know about it. number two, do people think it's a big deal? absolutely. people aren't thinking the sequester is small even though it's relatively nothing people think it's huge and three, do people support it in the latest poll i saw, two-thirds of the people across the party support the sequester. so if you think, my gosh, d.c. is doing something that we support
? and plus stocks soaring to new highs, but the economy has a long way to go. has ben bernanke helped create a bubble and will it go bust? also form d.e.a. chiefs putting pressure on the obama administration to block washington and colorado's new laws legalizing pot. weigh in on other state measures, why the silence now? welcome to the journal editorial report. i'm david asman in for paul gigot. despite his so-called charm offensive to republican members of congress this week, "the washington post" confirmed what we already expected, president obama's anti-republican attacks are going to continue, that he's not really in a compromising mood on the budget sequester or pretty much anything else. according to the post, his aim is not to get along with the g.o.p., but to get them out. the goal is to flip the republican-held house back to democratic control, allowing obama it push forward with a progressive agenda, gun control, immigration, climate change and the economy during his final two years in office according to congressional democrats, strategists and others familiar with obama's thinkin
later. >>> as a great economist in the british verse, the u.s. economy gets knocked down but gets up again, but the republicans try to keep it down. >>> the stunning new numbers on the economy today. >> hostage job gains. >> the private sector kicked in, in a big way. 236 thousand jobs added last month. >> 236 thousand. >> the nation's unemployment rate. >> fell two notches. >> 7.7%. >> this is a bit of a surprise. >> robust. >> because of a all the housing stuff we have been talking about. >> robust. >> the economy is moving in the right direction. >> the dow reaching record-high levels. >> that is great, right? >> that is good news. >> you know, the sequester has happened. >> how does that change the equation? the dire predictions that we have heard regarding the sequester? >> we need to do everything we can to avoid self-inflicting wounds. >> people are finally optimistic. >> but it has to be based on common sense. >> i would like to say that common sense has come out of the closet. >> bill clinton calls for an end to doma. >> former president bill clinton is having a change of he
blockbuster retail sales. this economy is stronger than you think. that may be a triumph. president obama says there's no immediate debt crisis. he thinks we're clear for the next ten years. sir, are you sure? we'll have the details four on that debate and doesn't forget free market capitalism is always the best path to ross peter. later in the show we'll show you a violation of it that blows my mind. i'm kudlow. we'll be right back. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. see lioutdoors, or in.ight. transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. maybe even a little bett
this discussion many times. every time we cut taxes, the economy has grown whether on the left with president kennedy or left with reagan. the left said clinton raised taxes and what is often ignored, clinton cut the capitol gains tax and he cut spending as a percentage of gdp. the obama administration want to go the opposite way, if they do they will make fdr a libitarian. >> jamull is it good or bad for the economy? >> i don't think the president said that they should take a hike if the tax hikings don't happen. our biggest problem are the spending cuts . bigger than that are the job losses, and so i am going to talk about tax cuts, a huge one to see happen the government should give tax cut to companies so they can hire new workerings, spending cuts and focusing on the deficit, that is moving us in the wronging direction. if we want to talk about tax cuts, give the corporations that are sitting on records and the dow closed at record highs, give them a tax cut to hire new workers. >> toby, tax hikings are the issue here. this is what dems are calling for. is this the time with the recovery
of the economy, and that burst in hiring inspired investors. stocks were up again today making this a week of records for the dow jones industrial average. the dow rose 6 points closing at 14,397, another record high. the nasdaq added 12, the s&p edged up 7 points and this is the tenth straight friday of the year that the major market averages were up. so where are the new jobs? what sectors are still seeing weakness and what is the role of the federal reserve in the labor market? steve liesman has our report. >> reporter: a solid jobs report renewing hopes that the u.s. economy could be chugging along just fast enough to put americans back to work. economists are encouraged by thiseport but they're concerned that the strength may not last. that's why goldman sachs economist says the federal reserve is unlikely to change its easing monetary policy from this report alone. >> the question i think is more how many times months do you have to see to be convinced that is the underlying trend of job growth. if you have a long period at this kind of pace of course they would make some changes but
mean? >> it means that in ultimate terms that the economy is starting to gain traction, but it's still very slow traction. we do know that if you had the average amount of money a person has in a 401(k), $77,000, invested in the dow jones industrial average when it hit its all-time high five years ago, today you have basically not made a penny. in fact, you've lost money because inflation, though small, has eaten up more than that. you've made no money on dow jones. normally one would expect a return of 4% to 8% a year. the stock market has a long way to go. a lot more money is going into stocks. they seem to be paying better now than bonds and other debt instruments. that's very important. that's one thing. job growth is absolutely real. there's no question about it. unfortunately, when the sequester really starts to bite, about three months' worth of job gains, $250,000 per month or $750,000, will be lost. so unemployment will remain at the same level or increase just slightly in the united states if they don't settle this thing. and then finally, are we likely to have a recession be
, when is will be going to get credit for this amazing economy that's coming back? definitely coming back. maybe not like gang busters, but unemployment rate really dropped again today and a quarter million new jobs out there. stock market for the rich is going through the roof. when is this guy going on get some respect? bill clinton wrote an op-ed 15iing t15 saying the defense of marriage act should be overturned. he says not only did it provide an excuse it for the discrimination, the law itself is dts crimin discriminatory. big 180. and we'll be waiting for hillary clinton and when does she decide. we'll ask that. finally, what happens when you're too far right for even cpac to invite you? you charge them with being under the thumb of being under sharia law. as certified recovery specialists at lifelock, we're dedicated to getting you back on track from identity theft. to protect you from being a victim in the first place, we have specialists for that, too. ♪ [ alarm blaring ] ♪ [ lasers zapping ] ♪ yep. we make a pretty good team. [ male announcer ] call 1-800-lifelock or go to
" starts right now. >>> good evening, americas. welcome to "the ed show." the obama economy. what is it? it's on a roll, and the republicans hate it. this is "the ed show." >> it's a very simple equation. tax increases destroy jobs. >> taxes went up and jobs went up. tonight, congresswoman jan schakowsky on the surging obama recovery despite no help from republicans. and the failure of conservative economics with david k. johnston and peter mauricy. the sequester cuts arizona's border patrol and now governor jan brewer is crying for help. the head of the border patrol union joins me tonight. >>> first republicans voted against the violence against women act. now they're trying to fool the public into thinking they supported the law. the big panel weighs in. >>> plus -- former congressman bob may of ohio is going after his fellow republican, speaker john boehner. >>> and he's the activist who dressed up like a pimp to exsuppose acorn corruption. >> when i said i'll turn tricks, i was expecting them to like, whoa! they just heard it and it was business as usual. >> now james o'keefe is paying
and then suddenly decline? in the early 19th century, america was predominately a farm economy. buildings were made of brick and wood. by the year 1900, we were a nation of steel. vast deposits of iron and coal fed the furnaces of pittsburgh. immigrants poured in from europe to work in the steel mills, part of an industrial miracle that was creating a better life. rapid productivity growth led to an improving standard of living. the miracle was not confined to the steel industry. american workers were the most productive in the world. what caused this phenomenal explosion of productivity? economist edward denison singles out one factor as paramount. the most important is advances in knowledge of how to produce at low cost. this includes technological knowledge and what you'd call managerial knowledge, how to run a business and organize it. actually, over a long period like 1929-1982, this accounts for almost 2/3 of the total increase. in agriculture, advances in knowledge led to new seeds, machinery, and chemicals and more crops from fewer workers. displaced farm workers migrated to the cities to m
is beginning to court the global economy rough e sale ofydelic power. weskosan achieve sustaible delopment, generang ecomic growth of its indigenous tions wd its natural environment. the mekong river traces an 1,100-mile path through or along the border of laos. the river has also been a barrier between laos and its neighbors. now there is a road, where before there was none. in 1994, the friendship bridge gave laos its first land link with the outside world, through thailand to the west. the bridge may symbolize a connected future, but laos in the here and now remains among the poorest countries in the world. ( rooster crows ) it is the least developed country in the lower mekong basin. life expectancy is low, about 53 years. ( rooster crows % of cn e maourished. the potential changes brought by economic development are enormous. the soil here is rich and fertile. laos remains a largely agrarian society. lowland peoples practice wet rice farming. the capital, vientiane, has a population of just half a million. the rest of the 5½ million laotians are spread over 155 million square miles o
along with strong earnings. jack welch told me that the economy can take off if regulators get out of the way. >> this economy is sitting here like this, from the bottom, the so if we can ever get a break on the regulars side, this economy is ready to really go. >> the federal reserve released the results of the banks stress test and 17 of the 18 major bannings had capital reserves. the one that dint was allied bank. the u.s. economy shrinking by 5%, larry fink told us that the banks are in great shape. the problem is going forward is no capital, but it's making sure they originate enough loans. >> and facebook is finding out if a its users will like the new news feed. it allows users to choose a topic in which they are interested. >>> a monster week for the markets as the dow sets new records, key data on the economy, with a strong jobs report, what does it mean for your money? bill gross i pimco founder along with austan goolsby from the school of business and former chairman of the board of economic advisors for barack obama. austin great way to because to you, let's talk about
the youth, do these numbers suggest, however, that the economy is better able today to stand on its own two feet without the help of monetary or fiscal stimulus, and is it better able today to withstand the federal budget cuts or spending cuts that are in the pipeline? >> well, the economy has been healing. we have been seeing a lot of recovery take place in the housing markets. we've worked in the homes that were built and we have been overcoming some of the head winds that we faced including cutbacks that already have been in place because of the phasing out of the recovery act. regarding the sequester i think just about all economists who have looked at it say it's bad policy. it imposes a set of indiscriminate cuts, will slow economic growth and job creation, the congressional budget office predicts it will reduce gdp growth by 0.6% and lower employment by 750,000 jobs, compared to where it otherwise would be, and it doesn't solve our long run problem. it does nothing to address the long run drivers of our deficit problems, which are health care costs for an aging population. >> reporte
: the pope, the economy, the smart phone and a tour of rome when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: we begin this evening with continued analysis of the historic events in rome. all eyes on the vatican. on wednesday evening, jorge berguliglo many saw him as a surprise choice. he's the first jesuit. pope francis is known for humanity and long time service to the poor. he inherits a troubled church much reconciled tradition with a modernizing world. joining me now in rome and new york, monsignor lorenzo al katie and frank bruni and on the phone from rome daniel wakin to talk about what has happened since the selection of the new pope -- why this pope. >> two main reasons. one is significant cardinals really did want to go in a different direction. i think they wanted someone that into of could interject a hint of humanity and solidarity with the poor. a tough administrator. and the other part which is hard to figure out is due to the internal policies of the conclave and the jockeying of different groups
jobs report, 236,000 new jobs created and unemployment rate dropped to 7.7%. the economy may not be as good as it could be but it is stronger than many thought. and on wall street the dow set record high after record high this week. closing up another 67 points today and showing gains on all five trading days for a weekly rise of 307 points. corporate profits, dividends and other payouts to investors are soaring. i am still playing stocks and the economy from the optimistic side. and in washington a new president obama engaged in deficit dinner diplomacy with those very same republican senators he was bashing only a week ago. this is good in my opinion. now we are hearing that former president bill clinton may have put obama up to it by turning the president into the new schmoozer in chief. i'm going to cover it all this evening. "the kudlow report" begins right now. >>> first up tonight, our sizzle story. a better-than-expected jobs report in february. cnbc's courtney reagan joins us now with the details. good evening, courtney. >> good evening to you, larry. and what a beat
is he going to get some credit for this amazing economy that's coming back? it definitely is coming back, maybe not like gangbusters. that unemployment rate really dropped again and a quarter million new jobs out there. and the stock market for the rich is going through the roof. when is this guy going to get some respect? republicans, when are they going to set some standards. when he gets to this number, we'll love him. will they ever admit he's doing a good job? >>> someone who admits he was wrong. bill clinton wrote an op-ed in "the washington post," i couldn't believe it when i saw it, saying the defense of marriage act, which he signed into law, should be overturned. he says not only did the law provide an excuse for discrimination, the law itself was discriminatory. >>> i'm fascinating with the jockeying taking place in both parties for 2016. rand paul is running, jeb bush is running, and hillary clinton, we'll be waiting for her. when does she decide? we'll ask that and get to all this. >>> what happens when you're too far right for cpac? you charge them with being under the thre
sean penn also came to pay their respects. the economy suffered under chavez and the system he bequeathed favors only the party faithful. >> he was a laborer who said he was blacklisted after he signed a petition against chavez. >> after the first few years it became a disaster for everyone. confrontation between brothers and fronalds. >> his supporters will remember him as a revolutionary who fought for the poor but questions about how he governed and the mistakes he made means history may not judge chavez so kindly. >> in caracas and a dramatic time for the people of venezuela. i'm joined by nelson. an influential journalist continuing getting scoops. nelson very well connected. what did chavez mean for the venezuelan people? >> there's before chavez and afterchavez. he was a great team for the poor people and he was the hope that they didn't have. he was the familia for all these poor people. that's why they were crying because he really touched him and touched more than the poor. he touched a lot of people with his sentiment and desire to give them solutions to the problems
's second largest economy. >> that was nhk world's james tengan in beijing. >>> the people of venezuela said good-bye to the man who led them for 14 years. they gave president hugo chavez a state funeral in the capital, caracas. ♪ about 30 foreign leaders joined venezuelans for the ceremony at a military academy. crowds of chavez's supporters gathered outside. the vice president is due to take oath of office as acting president. the vice president says people will be able to see chavez forever as a preserved body on permanent display. government officials say they'll call a presidential election within 30 days. analysts say vice president maduro will probably run on the ruling party's ticket. >>> people in the united states have another reason to believe their economy is gaining traction. they saw share prices on the new york stock exchange hit a record high this week. now they're seeing more encouraging data about jobs. officials at the department of labor say the jobless rate fell to 7.7% last month from 7.9% the month before. unemployment is the lowest it's been in more than four years.
security at this time is not the deficit. it is the economy. it is the lack of jobs. it is a future where the u.s. cannot compete with its global peers. this will bring us closer to that scenario. chairman ryan and i share wisconsin. this is a blue-collar county where people are proud of the work they do and they want to be working. but they are struggling. four years ago, 2000 employees lost their jobs. a company announced they were shutting down. we do not help them or america when we keep tax incentives for companies to ship jobs overseas instead of incentivizing companies to hire in wisconsin and in america. we do not help them when we cut programs and raise taxes on the middle class so we can lower the tax rates for the top earners in this country. that seems to be what we received in the budget that is on our guest today. budget should reflect values. what we need to do is focus on economic growth and how to get the people of america back to work. we need a real path to prosperity. when we invest in infrastructure, research, development, small business loans, we can increase competi
. >> the longer these cuts remain in place, the greater the damage to our economy. a slow grind b that will intensify with each passing day. charles: welcome, everybody, i'm charles payne in for neil cavuto. and as lawmakers whine about those automatic spending cuts, news our deficit topped $205 billion last month. gina london says if washington is crying over small cuts, how are we ever going to worry about this monster of a deficit? gina, we want to start with you. this is nuts. i mean, the bigtime money piles up, and we keep looking at this $85 billion which in the grand scheme of things is the proverbial drop in the bucket. >> the drop in the bucket is exactly right, charles. if you look at february of last year compared to february of this year, we went down in our deficit each year from $235 billion last year in 20 the 12 to $205 billion, it's like $25 billion is all we've done with a $600 billion tax hike that we have just paid. you look at those kinds of numbers, you'd have to multiply that times eight, in other words a 4.6 or 8 trillion dollar tax increase on mostly middl
metrics within the u.s. proving we are near a staple in the u.s. economy. david: what about banks? they will be reporting capital returns, might that be what you're looking for a? >> it could be. one reason things have rallied so much, we have seen the spreads righ widened. you take those into consideration i think it is a great tailwind for 2013. liz: you saw the dollar strengthened a little bit. i am not sure that has as much to do with what is going on, but gold this year is up. >> you look at all of the commodities, that all rallied a little bit. love that was goldman sachs revisiting their commentary for 2013 just giving a lot of short covering and lots of boost to macro traders who want to get on board or cut the exposure. david: we will see you in a couple of minutes. thanks, larry. liz: let's bring in our market panel. gentlemen, let's start, the market just on an incredible run. there he was saying we have to see something else. impress me more. do you agree, is that what we need now? >> i am pretty impressed. how much more impressed can you be? we have to remember the wa
since the economy weakened in 2008. so now with the forced spending cuts that went into effect march 1st, people are going to see the smaller unemployment checks in just the next few weeks. the national employment law project says there's more to it than that. budget cuts will impact funding for state agencies making it tougher for the same group of people to find jobs and have the claims process to get money they are counting on. >> we can expect and understand what their response would be to getting those smaller checks. are we hearing their reaction? >> we talked to one person who is a philadelphia grandmother. she's worked for 30 years. she's been out of work since last march stretching every dollar to make ends meet while she's looking for a job. now she says she's looking at $200 less a month because of these cuts. she says that's not going to be enough to cover the basics anymore. she's so frustrated by these cuts from washington. she feels that this shows congress just not looking out for people like her. >> and are there concerns about the larger impact that these cuts could hav
. >> rose: great to see you. so how do you see the global economy? >> in a long-term slowdown. >> rose: yeah. >> i think unappreciated by most economists, mainly because they're not interested in the long-term. in the short term i have no strong view, no conviction. we seem to be muddling through quite reasonably given all the obvious problems rdz you worry about a number of things including the united states will never, ever, or you don't expect it to ever go back to the level of economic growth and gdp annually that it did in previous years. >> right. and i worry that the powers believe that it will. so clearly bernanke seems to believe it will go back to 3%, the good old days. >> rose: you don't think that's possible. >> well, the population, which is a huge input into gdp, its population times productivity. and or population plus productivity. and the population which often hit 1.5% while i was in america, has dropped all the way down to maybe 0.2, 0.3. and these are kind of official numbers adjusted for the fact that he work a little bit less each year. and women, who hardly worked back
of a balanced approach that protects the american economy, the ryan republican budget guts education, medical research, infrastructure and even public safety. the ryan republican budget would actually jeopardize the economic recovery. it wouldn't help it. and in case you're thinking it -- huge and painful cuts can buy an awful lot of deficit reduction, think again. instead congressman ryan's cuts will buy more tax breaks for the wealthiest among us. this budget isn't a serious attempt to reduce the deficit. meaningful deficit reduction will require shared sacrifice, including contributions from those who can best afford to contribute. today budget committee chairman patty murray will introduce a budget that reflects the principle of balance. senator murray's plan, the democratic plan, will cut wasteful spending, reduce the deficit and close tax loopholes that benefit the rich. and it will invest in the things that help our economy grow: education, preventive health care, worker training, roads and bridges. it will invest in a strong middle class. and unlike the ryan republican plan, it won't
to meet with house democrats. >> economy is trying to give us signs it wants to launch. the president wants to be there to make sure that the 535 elected members in congress. and the individual american people elected to be president of the united states are ready to launch with the economy. >> also today, treasury secretary jack lew talked about the possibility of finding bipartisan compromise. >> i think there is a growing sense that everyone knows where the balance fair deal is. everyone knows we need to get there. they just don't know how to get there. you have to start. >> today, as far as discussions about reinstating some of the white house tours ts in, in the briefing jay carney says there has been discussions about trying to get specific groups in. no decision on that point and no plans to reverse the overall decision to suspend tours for now. >> bret: shannon bream live on the white house lawn. thank you. the dow's run is now in double digits. the industrial average made it ten straight winning days to gain 84 today. closing at another record high. s&p 500 was up 9. the nasd
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